India–Canada Eye Steel Growth Through Stronger Partnership

SteelBazaar News•February 05, 2026•2 min read

With global steel dynamics shifting, the dialogue emphasized shared interests in green steel production, innovation, and resilient supply chains. Canada, with its resource-rich mining sector, and India, as a leading steel producer, are exploring avenues to complement each other’s strengths. The discussions also addressed trade facilitation, regulatory alignment, and knowledge sharing for next-generation steelmaking technologies.

Officials highlighted the need for a strategic alliance to support both domestic goals and global climate commitments. The collaboration could open doors for joint ventures, skill development programs, and cross-border investments, reinforcing India’s ambitions to become a global steel hub while tapping into Canadian expertise and mineral reserves.

The talks signal a proactive shift in India’s foreign policy to deepen industrial partnerships and boost its steel ecosystem with international cooperation.

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UK and US reach a supply chain agreement on critical minerals

UK and US reach a supply chain agreement on critical minerals

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UK and US reach a supply chain agreement on critical minerals

Super Smelters to Invest ₹10,000 Cr in Gadchiroli Steel Plant

Super Smelters Ltd, a prominent player in India’s steel industry, is setting up a 2 million tonne per annum (MTPA) integrated steel plant in Gadchiroli, Maharashtra. With a planned investment of ₹10,000 crore, the project will capitalize on the region’s rich coal and iron ore resources, aiming to transform the industrial landscape of the district. The plant will generate approximately 4,000 direct and indirect jobs, providing a significant economic boost to the tribal-dominated area. Strategically located near the Surjagarh iron ore mines and the proposed Dhanora coal block, the facility will benefit from reduced logistics costs and enhanced supply chain efficiency. The proposed unit aligns with India’s broader push for self-reliance in steel production and is expected to spur infrastructure and socio-economic development in the region. Super Smelters has already secured around 1,200 acres of land in Konsari village and is awaiting final environmental and forest clearances to begin con

Super Smelters to Invest ₹10,000 Cr in Gadchiroli Steel Plant

Tata Steel Q3 Profit Jumps Eightfold, Beats Market Estimates

Tata Steel reported a sharp turnaround in its December quarter performance, with consolidated profit after tax surging nearly eightfold compared to the previous quarter, significantly beating market expectations. The strong results were driven by improved operating margins, lower raw material costs, and steady domestic steel demand. The company posted a robust sequential recovery despite global steel market challenges, supported by better performance from its India operations. Reduced coking coal costs, operational efficiencies, and stable steel realizations helped strengthen profitability. Tata Steel’s European operations also showed signs of stabilization, aided by cost-control measures and improved spreads.Revenue for the quarter saw a marginal decline year-on-year due to softer global prices, but improved EBITDA margins helped offset pricing pressure. The company continued to focus on deleveraging, with net debt levels remaining under control. Industry analysts view the results as

Tata Steel Q3 Profit Jumps Eightfold, Beats Market Estimates

Tata Steel posts strong profitability in third quarter

According to the board-approved results, Tata Steel delivered strong profitability in the third quarter. On a standalone basis, the company reported operating revenues of INR 35,578.36 crore for Q3 of fiscal year 2026, with a net profit of INR 3,822.01 crore. Earnings per share were recorded at INR 3.06. The company demonstrated strong operational performance with a healthy EBITDA margin. For the nine-month period from April to December 2025, standalone net profit reached INR 11,405.39 crore. Looking at consolidated results, operating revenues increased to INR 57,002.40 crore in the third quarter. Consolidated net profit attributable to shareholders was INR 2,688.70 crore, with consolidated earnings per share at INR 2.16. Tata Steel also took significant strategic steps during the period. The company acquired the remaining 50% stake in Tata BlueScope Steel Private Limited on December 31, 2025, becoming the sole owner. This subsidiary, now operating as Tata Steel Colors Private Limited,

Tata Steel posts strong profitability in third quarter

Comprehensive trade and investment agreement signed between South Africa and China

South Africa and China have signed a comprehensive framework agreement aimed at deepening trade and investment relations between the two countries. The China-Africa Economic Partnership Agreement (CAEPA) was signed today in Beijing by South Africa’s Minister of Trade, Industry and Competition, Parks Tau, and China’s Minister of Commerce, Wang Wentao. The agreement covers trade and investment cooperation, as well as multilateral cooperation and collaboration in the field of new energy. Under CAEPA, a wider range of South African products is expected to gain duty-free access to the Chinese market, while Chinese companies are encouraged to expand their investments in South Africa. It was also emphasized that the agreement has been designed to include safeguard mechanisms to protect South Africa’s industrial capacity and strategic sectors. Following the signing of the framework agreement, the two sides plan to conclude negotiations on an “Early Harvest Agreement” by the end of March 2026.

Comprehensive trade and investment agreement signed between South Africa and China

Godawari Power to Sell Entire Stake in Ardent Steel

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Godawari Power to Sell Entire Stake in Ardent Steel

AM/NS India becomes first integrated producer in India to receive green steel certification

Products manufactured by AM/NS India serve as key inputs for strategic sectors such as automotive, infrastructure, defense, construction equipment, and durable consumer goods. With the certification, these products officially gain government-approved green steel status while helping customers reduce Scope 3 emissions across their supply chains. To qualify for green steel certification, production emission intensity must be below 2.2 tons of CO₂ equivalent per ton of steel (tCO₂e/tfs). Production below this threshold is rated using a three-tier system, awarding three, four, or five stars. AM/NS India’s products earned high ratings under this evaluation system. As part of the certification process, the company underwent a comprehensive audit by the National Institute of Secondary Steel Technology (NISST). The audit confirmed that AM/NS India’s flagship flat steel portfolio meets the green steel criteria. Commenting on the development, AM/NS India CEO Dilip Oommen emphasized that India’s

AM/NS India becomes first integrated producer in India to receive green steel certification

Türkiye became the largest importer of iron and steel from Egypt in 2025

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Türkiye became the largest importer of iron and steel from Egypt in 2025

TÜDÖKSAD: Escalating costs and financing pressure have pushed Türkiye’s casting industry to a critical point

The closure of numerous foundries across Europe particularly in Germany is creating new opportunities for Türkiye. However, structural weaknesses in productivity, capital structure, and technology are emerging as significant risk factors for the sector. The management of the Turkish Foundry Association (TÜDÖKSAD), during a visit to EKONOMİ newspaper, assessed how rising geopolitical tensions and growing protectionism in global trade are pushing the industry to a critical crossroads. Structural challenges were highlighted across a wide range of issues, from the Customs Union and “Made in EU” policies to labor costs and raw material supply. TÜDÖKSAD Chairman Kadir Efe stated that global trade is increasingly shifting onto a political footing, emphasizing that the Turkish foundry sector’s biggest test lies in productivity, capital structure, and strategic planning. He stressed that short-term, stopgap solutions are no longer sufficient and that long-term transformation has become unavoida

TÜDÖKSAD: Escalating costs and financing pressure have pushed Türkiye’s casting industry to a critical point

Canada launches anti-dumping investigation into OCTG pipes from Austria

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Canada launches anti-dumping investigation into OCTG pipes from Austria

AMNS India Becomes First to Earn Government-Backed Green Steel Certification

ArcelorMittal Nippon Steel India (AMNS India) has achieved a significant industry milestone by becoming the first integrated steel manufacturer to receive a green steel certification under India’s official green taxonomy framework. This certification, issued by the Ministry of Steel, validates AMNS India's commitment to sustainable steel production. The certification covers two key facilities: the blast furnace at Hazira and the electric arc furnace at Odisha. The Ministry assessed both operations against stringent decarbonization and efficiency benchmarks outlined by the Indian Green Credit Programme. This recognition positions AMNS India at the forefront of India's clean energy transition in heavy industry. The company is actively deploying low-carbon technologies, improving energy efficiency, and integrating renewable power into its operations. As industries worldwide pivot toward greener practices, AMNS India’s green steel certification sets a new benchmark for environmental respon

AMNS India Becomes First to Earn Government-Backed Green Steel Certification

China's retail steel stocks build faster as CNY looms

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China's retail steel stocks build faster as CNY looms

Mitsubishi Chemical Group to halt coke production for the steel sector

At a board meeting held on 2 February, the company approved the termination of the coke and carbon materials business including needle coke and pitch coke under its consolidated subsidiary Mitsubishi Chemical. Under the plan, production is expected to be fully halted in the second half of fiscal year 2027. According to the company, the discontinuation of operations is expected to result in a one off loss of approximately 85 billion yen. Of this amount, around 19 billion yen will be recorded in the third quarter of the fiscal year ending March 2026, while the remaining approximately 66 billion yen will be recognized as an estimated loss in the fourth quarter of the same fiscal year. The company stated that it has taken various steps in recent years to improve profitability, including downsizing production scale, reviewing its sales portfolio, and implementing cost reduction measures. It emphasized that profits in the coke segment have increased steadily through reductions in fixed costs

Mitsubishi Chemical Group to halt coke production for the steel sector

Nippon Steel increases loss forecast to 70 billion yen due to fire and global price pressure

The company stated that these developments directly affected its ongoing fiscal year performance. The company reported that the losses caused an approximate 40 billion yen decrease in net profit and increased its previously announced loss forecast from 60 billion yen to 70 billion yen. Nippon Steel also stated that, due to the weak financial performance of United States Steel Corp., the expected earnings contribution from this company has been calculated as zero. Senior managing director Takahiko Iwai emphasized that steel prices in the United States have increased, but adverse weather conditions disrupted component supply. Regarding the company acquired last year, Iwai stated that uncertainties persist. The company had reported a net profit of 362 billion yen in the same period of the previous year, while recording a net loss of 45 billion yen from April to December 2025. Officials stated that a significant portion of the loss resulted from restructuring expenses incurred after termin

Nippon Steel increases loss forecast to 70 billion yen due to fire and global price pressure

ArcelorMittal Projects 2% Rise in Global Steel Shipments for 2026

ArcelorMittal, one of the world’s largest steel producers, expects a 2% year-on-year increase in steel shipments for 2026, signaling a steady rebound in global demand. The company reported a total shipment of 55.6 million tonnes in 2025 and projects modest growth amid improving market conditions.Despite challenges such as lower steel prices and weak demand in certain regions, ArcelorMittal is optimistic about future trends. The company remains focused on operational efficiency, decarbonization initiatives, and expanding capacity in strategic markets, including India and Brazil. CEO Lakshmi Mittal highlighted the company's long-term commitment to sustainability and innovation. ArcelorMittal also emphasized its investments in green steel technology and carbon reduction as core components of its growth strategy. As infrastructure development picks up pace globally and construction activity rebounds, the projected 2% increase points to a positive shift in the steel industry. The outlook re

ArcelorMittal Projects 2% Rise in Global Steel Shipments for 2026

European Parliament to push for ban on Russian steel – Politico

Posted on 06 Feb 2026 The European Parliament’s attempt to add a ban on Russian steel to the EU’s new protective measures will complicate negotiations between European institutions, according to Politico . By supplementing the proposal to revise protective measures in January this year, MEPs hope to stop Russian steel exports, while some previous attempts at sanctions have failed – such a move would require the unanimous support of the 27 member states. Sanctions against Russia have blocked the import of most steel products into the EU, especially the most basic ones. However, the supply of semi-finished products is still allowed into the bloc, as Belgium, the Czech Republic, and Italy have asked to keep them available for companies that, according to their arguments, have no alternative sources. Russia’s largest steel producer, NLMK, has sheet steel production assets in Belgium, Denmark, and Italy. Until recently, the Evraz conglomerate owned the Czech company Vitkovice Steel, but in

European Parliament to push for ban on Russian steel – Politico

Tata Steel, BEML, MRF Among Key Stocks Revealing Q3 Results Today

A host of major Indian companies, including Tata Steel, BEML, and MRF, are set to announce their Q3 FY2025-26 earnings today. Investors and market watchers are keenly eyeing these results for insights into sectoral performance, margin pressures, and forward guidance. Tata Steel’s results are of particular interest amid volatile commodity prices and evolving demand across domestic and international markets. Analysts anticipate moderate performance due to input cost fluctuations and subdued global steel demand. BEML’s quarterly update will reflect on infrastructure and defense sector spending, while MRF’s numbers are expected to offer a snapshot of post-festive automotive trends and raw material impact. Other stocks announcing results today include Ashok Leyland, Eicher Motors, and Graphite India, among others. The cumulative outcome of these results could influence broader market sentiment and sector rotations, particularly in manufacturing, auto, and core industries. With earnings seas

Tata Steel, BEML, MRF Among Key Stocks Revealing Q3 Results Today

Odisha Fast-Tracks AMNS Steel Plant in Kendrapara

The Odisha government is expediting the establishment of the proposed AMNS India steel plant in Kendrapara, signaling a major boost for the state's industrial and economic growth. State Food Supplies and Consumer Welfare Minister Atanu Sabyasachi Nayak confirmed that all clearances are being prioritized to ensure the timely execution of the project. The plant, backed by ArcelorMittal Nippon Steel (AMNS), is expected to generate significant employment opportunities and enhance the state's manufacturing ecosystem. With a planned capacity of 24 million tonnes per annum (MTPA), it stands to become one of India’s largest integrated steel facilities. The project includes an associated captive port, creating added momentum for logistics and export potential. Officials emphasized that the government is committed to facilitating smooth land acquisition and infrastructure support. The project aligns with Odisha’s long-term vision of becoming a global steel production hub, leveraging its rich min

Odisha Fast-Tracks AMNS Steel Plant in Kendrapara

Nippon Steel Plans $3.2 Billion Convertible Bond Sale

Nippon Steel, Japan’s largest steelmaker, is reportedly considering a $3.2 billion convertible bond issuance as part of its strategic financing plans. The proposed bond sale could be one of the company’s largest fundraising efforts in recent years, aimed at supporting overseas expansion and modernization initiatives. Sources indicate that the convertible bonds may be issued in multiple tranches, allowing investors the option to convert debt into equity at a later stage. This move comes amid increased global competition and Nippon Steel’s intent to strengthen its position in international markets, particularly after announcing its planned acquisition of U.S.-based U.S. Steel.Analysts view the potential bond sale as a proactive step to secure capital while balancing shareholder dilution and long-term debt exposure. If executed, the funding could fuel both organic growth and M&A activities, aligning with the company’s ambition to become a more dominant player in the global steel indus

Nippon Steel Plans $3.2 Billion Convertible Bond Sale

India–Canada Eye Steel Growth Through Stronger Partnership

India and Canada have initiated high-level discussions to strengthen bilateral cooperation in the steel sector, focusing on sustainable development, technology exchange, and raw material security. The meeting, held between senior officials and industry representatives, aims to create a framework for mutual growth and investment opportunities across both nations. With global steel dynamics shifting, the dialogue emphasized shared interests in green steel production, innovation, and resilient supply chains. Canada, with its resource-rich mining sector, and India, as a leading steel producer, are exploring avenues to complement each other’s strengths. The discussions also addressed trade facilitation, regulatory alignment, and knowledge sharing for next-generation steelmaking technologies. Officials highlighted the need for a strategic alliance to support both domestic goals and global climate commitments. The collaboration could open doors for joint ventures, skill development programs,

India–Canada Eye Steel Growth Through Stronger Partnership

SteelBazaar News

05 February 2026

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